EDS stockholders approve merger with HP

After a recent stockholder meeting, EDS has agreed its proposed merger with HP.  EDS will now become a wholly owned subsidiary of HP with 98% of the stockholders voting in favour of the deal.

Ron Rittenmeyer, EDS CEO, commented on the decision: “Not only does the combination of these two great companies create immediate value for our stockholders, it also enhances our ability to achieve our customers’ needs with our unwavering commitment to quality and innovation”.

The transaction still requires regulatory clearance which EDS expects to come in Q3 2008. 

Posted by on 08/04 at 06:50 AM

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